At last at last, bitcoin increase more than $41,000

[Tellek Garing]

I was very happy yesterday when I saw the price of bitcoin to reach $40,000, I check the market after I woke up today to still still the price to remain at $41,000./I was very happy to see that, it is that bitcoin price will not fall back below $40,000. It take time before bitcoin get to over $40,000 because it was fluctuating between $$38,000 and $40,000 bit the price is now over $40,000, we are expecting $50,000 next.

[LFC_Bitcoin]

China FUD is dead now, no more China affecting the price of bitcoin. Short term pain has eased & we’re moving back up. I don’t know about anybody else but it was horrifying seeing the price drop so hard in May. Looks like we’re back on track now & the bull run is alive & kicking. $100,000+ this year is happening

[Tytanowy Janusz]

Yea we finally look strong again.

China FUD is dead now, no more China affecting the price of bitcoin. Short term pain has eased & we’re moving back up. I don’t know about anybody else but it was horrifying seeing the price drop so hard in May. Looks like we’re back on track now & the bull run is alive & kicking. $100,000+ this year is happening

Not only China FUD. Yesterday we had very bearish news:

"We're continually evaluating our products and working with our partners to meet our users’ needs.

Today we’re announcing that we plan to wind down our derivatives products offerings across the European region, commencing with the Netherlands, Germany, and Italy.
With immediate effect, users in the Netherlands, Germany, and Italy cannot open new futures accounts on Binance."
https://cointelegraph.com/news/binance-to-shut-down-crypto-derivatives-trading-in-europe

Fallowed by 3.5% dump with decent volume and  break of short term support (39-41k consolidation) making it a stron bearish event and ... no cotinuation. Scared people sold to strong hands. Being bad news resistant - best bull run indicator. Last time I called it at 5k$ during a run from 3.5k to 14k.

I'm very bullish for bitcoin since finally it is bad news resistant. That's the first indicator of the end of bear market

We had CBOE delisting news without any dump (i know its not bad news but look at it from lambo investor perspective. All of them was waiting for bakkt and btc etf and ... bum bitcoin is being delisted from cboe) It was, in my opinion, fud producing news and should dump bitcoin).
We had "bitfinex print 850 MM" news and only 3% dump? Under resistance? We should see dump at least 10% without this news simply from TA (fighting with very strong resistance, resting from 60% pump) had we had 3% dump with this news.
We had binance 40MM hack and next day we have break 6k resistance.

We are growing constantly with bad news hitting the market one after another. Guess what will happened when good news will hit market.

 

[Clavulanic]

I was very happy yesterday when I saw the price of bitcoin to reach $40,000, I check the market after I woke up today to still still the price to remain at $41,000./I was very happy to see that, it is that bitcoin price will not fall back below $40,000. It take time before bitcoin get to over $40,000 because it was fluctuating between $$38,000 and $40,000 bit the price is now over $40,000, we are expecting $50,000 next.

At first I'm afraid that it would possibly go down below $40k, fortunately in the 24 hours it went very good and amazing as price kept a strong bond with $41k. Of course that expectations of $50k is there, but we really need to build a solid momentum prior hitting the best target. Let's just say we need to surpass $45k and then we"re good to go for bullish market, that's the time we will rejoice for better future.

[coin-investor]

I was very happy yesterday when I saw the price of bitcoin to reach $40,000, I check the market after I woke up today to still still the price to remain at $41,000./I was very happy to see that, it is that bitcoin price will not fall back below $40,000. It take time before bitcoin get to over $40,000 because it was fluctuating between $$38,000 and $40,000 bit the price is now over $40,000, we are expecting $50,000 next.

I thought I'm the only one excited to see Bitcoin reaching the $40k level I've been watching the market for the last three weeks since there were predictions that it will drop further to $29k level I'm glad it did not happen some of the coins I'm holding are following Bitcoin if Bitcoin pump so does most of the coins I'm holding, I'm excited what the month of August is going to bring us.

[asrinur]

After dropping for several weeks, the bitcoin price finally managed to touch the $41k level. One of the reasons for the increase was Elon Musk's tweet. In his tweet, he said energy consumption and environmental damage accompanies bitcoin mining. Musk said that his company may return to allowing Bitcoin transactions if there is confirmation of the reasonable use of clean energy by miners with a positive future trend. Thus I predict the future price of Bitcoin will be $100,000.

[Wind_FURY]

China FUD is dead now, no more China affecting the price of bitcoin. Short term pain has eased & we’re moving back up. I don’t know about anybody else but it was horrifying seeing the price drop so hard in May. Looks like we’re back on track now & the bull run is alive & kicking. $100,000+ this year is happening

Plus total hashing power is slowly coming back, increasing, https://bitinfocharts.com/comparison/bitcoin-hashrate.html#1y

The miners from China probably just needed to sell some of their Bitcoins to spend for moving their ASICs, and to set them up somewhere else.

[Dhaniii]

After dropping for several weeks, the bitcoin price finally managed to touch the $41k level. One of the reasons for the increase was Elon Musk's tweet. In his tweet, he said energy consumption and environmental damage accompanies bitcoin mining. Musk said that his company may return to allowing Bitcoin transactions if there is confirmation of the reasonable use of clean energy by miners with a positive future trend. Thus I predict the future price of Bitcoin will be $100,000.

everyone expects bitcoin to break through $100,000. I'm very happy to hear that, besides the growth of bitcoin, many people get rich suddenly and become big investors. but on the other hand many people are sorry because they think bitcoin is over and they don't provide supplies when the plane reaches the moon.

[ILuckyGuyI]

Bitcoin price reached even $42.2k last night. Now, we are seeing it around $41.5k. Bitcoin price is continuing on its way quite fast. I've really missed to see it over $40k as it's been a long time. And I hope that we don't see it below $40k again for a long time. Those times were really boring.

[electronicash]

who wouldn't be happy to see things are happening the way we want it. there's just some resistance I think that's $42.500 well hopefully it could break. the price isn't affected by fud anymore even the binance being sued by the Malaysian government.  

i guess what binance did like the limitation of BTC withdrawal to 0.06BTC helps the market when the big holders of BTC are going out of the exchanges, less shorters i guess.

[erep]

After weeks of the market fighting FUD news from various sides until the bitcoin price dropped to a low of $28k, now the market has strengthened as if to prove there is no more force that can bring down the crypto market in any way, in short the message 'if the bulls are coming soon.

[Renampun]

I was very happy yesterday when I saw the price of bitcoin to reach $40,000, I check the market after I woke up today to still still the price to remain at $41,000./I was very happy to see that, it is that bitcoin price will not fall back below $40,000. It take time before bitcoin get to over $40,000 because it was fluctuating between $$38,000 and $40,000 bit the price is now over $40,000, we are expecting $50,000 next.

$ 41k till the end of this July is a great result...

maybe we'll see $ 50k in next august, news about Bitcoin continues positive so it is very possible to reach $ 50k next month. The bear market is over and Bitcoin is proving nothing can stop it from growing.

[Vaskiy]

There is more chance of reaching $50k at the earliest. Beyond that point we can expect gradual growth than fast growth. It took short time to reach $40k from the $30k range where it was fluctuating for a long. Similar pattern of growth is supposed to happen by reaching $50k. However there is very less chance of bitcoin breaking its own ATH value this year.

[WNTRjon]

In one month, I think we will be able to post this same thread for $51,000.

Things are looking solid! Anything can happen, but all I see is good news.

[Lanatsa]

I was very happy yesterday when I saw the price of bitcoin to reach $40,000, I check the market after I woke up today to still still the price to remain at $41,000./I was very happy to see that, it is that bitcoin price will not fall back below $40,000. It take time before bitcoin get to over $40,000 because it was fluctuating between $$38,000 and $40,000 bit the price is now over $40,000, we are expecting $50,000 next.

This is a question that everyone couldn't answer even with those professionals or good analyst where this market is always been unpredictable and we've been moving sideways for long time

and now it is really making out some significant movement which we cant be sure if it wont really be heading down on 40k and might be the new support.

For those who had able to buy in 29k price then that was really a good decision because we do able to make some profit in a short time.

[Johnyz]

FUD is slowly gone now and we are back on where it is before where good news takes the price into its best form. Bitcoin has to stay on this level now to sustain this up trend, this is a great weekend so far because in the past weeks, weekends are more cheaper. Bitcoin can reach $45k again, we are close to that and slowly will reach $50k. We are on a good path, Bitcoin will bring the market up again.

[palle11]

I think the fuss about price is Tesla and Amazon calling out bitcoin once again. Although Amazon tried to change decision but investors are already buying the first news. The volatility is coming up again and not only bitcoin gaining but altcoins too. This is good for the cryptocurrency market and before the year ends with continuous up move, we can see a new ATH.

[eaLiTy]

I am hoping we will be able to breach the resistance this time after failing to do so for weeks. Right now the price is around $41,887.88 and not yet showing any weakness and showing signs we might cross the barrier, but you never know unless that happens as anything can happen in a short period of time and we might even see a correction within the next few hours.

EDIT: Yes, there it is the sell pressure started to increase now .

[CaVO32]

I am hoping we will be able to breach the resistance this time after failing to do so for weeks. Right now the price is around $41,887.88 and not yet showing any weakness and showing signs we might cross the barrier, but you never know unless that happens as anything can happen.

And yet another good news from Germany -

https://cointelegraph.com/news/german-law-allowing-institutional-funds-to-hold-crypto-comes-into-effect-aug-2

"As much as $415 billion worth of investments could flow into cryptocurrencies as new laws governing German Spezialfonds go into effect."

I hope this will drive more positive movement in the market. Maybe, we will be seeing 45k price level very soon. So for those who feel they are being left out, maybe, it is time again to buy before the market rise again. Don't regret when you see good numbers in the market.

[Kemarit]

China FUD is dead now, no more China affecting the price of bitcoin. Short term pain has eased & we’re moving back up. I don’t know about anybody else but it was horrifying seeing the price drop so hard in May. Looks like we’re back on track now & the bull run is alive & kicking. $100,000+ this year is happening

Yes, it was really scary to see the drop in May and then an eventually 50% crash or more just a couple of weeks ago. But all the negative news has died down, and even we have a false alarm (Amazon news), which cause the market to dip a few percentage, it didn't deter as we continue to march forward the biggest hurdle which is $40,000.

And now that we have sustained it and reached $42,000, $50,000 will be next and then we are in target for a a $100,000 at the end of this year.